Maritime Resources (TSXV:MAE) ROCE % : -6.63% (As of Sep. 2024)

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What is Maritime Resources ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Maritime Resources's annualized ROCE % for the quarter that ended in Sep. 2024 was -6.63%.

Maritime Resources ROCE % Historical Data

The historical data trend for Maritime Resources's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Maritime Resources ROCE % Chart

Maritime Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-17.04

-6.75

-5.21

-4.40

-4.22

Maritime Resources Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-6.04	-2.56	-10.11	-9.93	-6.63

Maritime Resources ROCE % Calculation

Maritime Resources's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.92	/	( ( (39.914 - 0.928)	+	(52.925 - 1.004) )	/ 2 )
	=	-1.92	/	( (38.986	+	51.921)	/ 2 )
	=	-1.92	/	45.4535
	=	-4.22 %

Maritime Resources's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-3.428	/	( ( (51.928 - 0.699)	+	(59.176 - 6.962) )	/ 2 )
	=	-3.428	/	( ( 51.229	+	52.214 )	/ 2 )
	=	-3.428	/	51.7215
	=	-6.63 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Maritime Resources (TSXV:MAE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Maritime Resources ROCE % Related Terms

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Maritime Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maritime Resources Corp (TSXV:MAE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MRTMF:USA

Address

650 West Georgia Street, Suite 3200, Vancouver, BC, CAN, V6B 4P7

Website

https://www.maritimeresourcescorp.com

Maritime Resources Corp is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador. It holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects.

Executives

Garett Macdonald	Senior Officer
Dundee Corporation	10% Security Holder

Maritime Resources Headlines

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